Belgium

There is no investor tax reporting in Belgium as such, but it is required that tax is payable on the net assets of funds in Belgium and an accompanying return submitted to the Belgian tax authorities (“UCI Certification”). The Belgian Net Asset Tax is due on the net amounts invested in Belgium which equates to subscriptions (net of redemptions) made through a Belgian financial intermediary.

Where Belgian residents subscribe via foreign intermediaries, these subscriptions are excluded from a fund’s taxable base, irrespective of whether or not the fund is registered with the Belgian Banking, Finance and Insurance Commission. The tax is due and payable by 31 March each year.